Exchange Assets Sample Clauses
The 'Exchange Assets' clause defines the terms and conditions under which parties agree to transfer ownership of specified assets between each other. Typically, this clause outlines the types of assets involved—such as cash, securities, intellectual property, or physical goods—and details the process for delivery, timing, and any conditions precedent to the exchange. By clearly specifying the mechanics and requirements for asset transfers, this clause ensures both parties understand their obligations and helps prevent disputes over what is being exchanged and when ownership changes hands.
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Exchange Assets. For purposes of this Agreement, as a result of an Exchange, Holdings (and each direct and indirect subsidiary of Holdings that is treated as a partnership for U.S. federal income tax purposes) shall be entitled to a Basis Adjustment for each Exchange Asset with respect to the Corporation.
Exchange Assets. For purposes of this Agreement, as a result of an Exchange, MNG (and each direct and indirect subsidiary of MNG that is treated as a partnership for U.S. federal income tax purposes) shall be entitled to a Basis Adjustment for each Exchange Asset with respect to the Corporation, the amount of which Basis Adjustment will be the excess (whether positive or negative) of (i) the sum of (x) the Market Value of the Class A Shares, cash or the amount of any other consideration transferred to the Applicable Member pursuant to the Exchange as payment for the exchanged Units, to the extent attributable to such Exchange Assets, (y) the amount of the payments to be made pursuant to this Agreement with respect to such Exchange, to the extent attributable to such Exchange Assets, and (z) the amount of debt and other liabilities allocated to the Units acquired pursuant to such Exchange, to the extent attributable to such Exchange Assets; over (ii) the Corporation’s share of MNG’s (or such subsidiary partnership’s) basis in such Exchange Assets immediately after the Exchange, attributable to the Units exchanged, determined as if (x) MNG (or such subsidiary partnership) remained in existence as an entity for Tax purposes and (y) MNG (or such subsidiary partnership) had not made the election provided by Section 754 of the Code.
Exchange Assets. For purposes of this Agreement, as a result of an Exchange, the Company will be entitled to a Basis Adjustment with respect to each Exchange Asset held by Silvercrest LP (and each direct and indirect Subsidiary of Silvercrest LP that is treated as a partnership for U.S. federal income tax purposes), the amount of which Basis Adjustment will generally be determined as the excess (whether positive or negative) of (i) the sum of (x) the Market Value of the Class A Shares, cash or the amount of any other consideration transferred to the Applicable Limited Partner pursuant to the Exchange as payment for the exchanged Class B Units, to the extent attributable to such Exchange Assets, (y) the amount of the payments to be made pursuant to this Agreement with respect to such Exchange, to the extent attributable to such Exchange Assets, and (z) the amount of debt and other liabilities allocated to the Class B Units acquired pursuant to such Exchange, to the extent attributable to such Exchange Assets; over (ii) the Company’s share of Silvercrest LP’s (or such subsidiary partnership’s) basis in such Exchange Assets immediately after the Exchange, attributable to the Class B Units exchanged, determined as if (x) Silvercrest LP (or such subsidiary partnership) remained in existence as an entity for Tax purposes and (y) Silvercrest LP (or such subsidiary partnership) had not made the election provided by Section 754 of the Code.
Exchange Assets. For purposes of this Agreement, as a result of the Exchanges, AGI is entitled to a Basis Adjustment for each Exchange Asset, the amount of which Basis Adjustment is the excess, if any, of (i) the sum of (x) the Market Value of the Class A Shares, cash or the amount of any other consideration transferred to the Applicable Principal pursuant to the Exchange as payment for the exchanged Units, to the extent attributable to such Exchange Assets, plus (y) the amount of payments made pursuant to this Agreement with respect to such Exchange, to the extent attributable to such Exchange Assets, plus (z) the amount of debt and other liabilities allocated to the Units acquired pursuant to such Exchange, to the extent attributable to such Exchange Assets; over (ii) AGI’s share of AGH’s (or such subsidiary partnership’s) basis for such Exchange Assets immediately after the Exchange, attributable to the Units exchanged, determined as if (x) AGH (or such subsidiary partnership) were to remain in existence as an entity for Tax purposes and (y) AGH (or such subsidiary partnership) had not made the election provided by Section 754 of the Code.
Exchange Assets. For purposes of this Agreement, TIP LLC shall be entitled to a Basis Adjustment for the Exchange Assets with respect to the Corporation, the amount of which Basis Adjustment will be the excess, if any, of (i) the sum of (x) the Market Value of the Class A Shares, cash or the amount of any other consideration transferred to the Applicable Member pursuant to the Exchange as payment for the exchanged Units, to the extent attributable to such Exchange Assets, plus (y) the amount of payments made pursuant to this Agreement with respect to such Exchange, to the extent attributable to such Exchange Assets, plus (z) the amount of debt and other liabilities allocated to the Units acquired pursuant to such Exchange, to the extent attributable to such Exchange Assets; over (ii) the Corporation’s share of TIP LLC’s basis for such Exchange Assets immediately after the Exchange, attributable to the Units exchanged, determined as if (x) TIP LLC were to remain in existence as an entity for Tax purposes and (y) TIP LLC had not made the election provided by Section 754 of the Code. For the avoidance of doubt, unless otherwise specifically noted, the tax principles set forth in the Code and applicable Treasury Regulations are to be applied in making the determinations necessary in this Section 2.01.
Exchange Assets. Asset Asset No. Type Asset Name --------- ---- ---------- 3211 R Greystone Housing 3382 R Swln, Inc. 3385 R Pavl▇▇▇▇/▇▇▇a▇▇ ▇▇▇ Co 3592 R Mars▇ ▇▇▇▇ ▇▇▇f Storage, Inc. 3674 R Swln, Inc. 3701 R Dunn▇▇▇ ▇▇▇tnership 4189 R Ventura Properties, Inc. 4439 ▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇▇▇▇ 4553 L Blum▇ ▇▇▇tlake Ltd Partnership 540101 R Bel Tiara Ventures II
Exchange Assets. The Listed Asset may be traded on the Exchange for at least two kinds of digital assets, Bitcoin (BTC) and Tether (USDT). 3. Payment Obligations. 3.1 No fees or payments shall be made to HBL or the Exchange in consideration for the Listing Services. 4. COMPANY OBLIGATIONS 4.1 Notices to HashKey. For all notices and communications required to be provided by Company under this Agreement, Company will notify HBL through the normal communications channels used by Company and will also send a copy of such communication by email to ▇▇▇@▇▇▇.▇▇▇▇▇▇▇.▇▇▇. 4.2